Author Archive

Recent Oil Price Trends and What They Mean for the Housing Recovery

Crude oil prices are now trading at slightly below $50/barrel resulting in steep declines in gasoline prices. As of January 5, 2015, the U.S. Energy Information Administration (EIA) reported that the price of regular gasoline was $2.20 /gallon, the...

Modest Price Growth Projected in Next 12 Months

With rising inventory  and the strong price recovery since 2012, REALTORS®  responding  to the  November 2014 REALTORS® Confidence Index Survey expected home prices to increase modestly in the next 12 months, with the median at about 3 percent:    http://www.realtor.org/reports/realtors-confidence-index[1]....

Unemployment Insurance Claims Continue To Decline

Insurance claims by the jobless continue to decline, a sign of the continuing good health of the labor market. Claims for unemployment insurance filed in the week of December 13 totaled 298,000, a decrease of 6,000 from the previous...

REALTORS’® 6-Month Outlook Index Tracks Existing Home Sales

Every month, NAR conducts the REALTORS® Confidence Index Survey to gather real estate information for the Confidence Index.  The RCI-Six-Month Outlook Index   tracks/predicts the level of existing home sales three months in advance (i.e.: REALTORS®  are excellent forecasters!). For...

REALTORS® Expect Modest Price Growth in Next 12 Months

With rising inventory  and modest expectations of demand growth,  REALTORS®  responding  to the  October 2014 survey expected home prices to increase modestly in the next 12 months, according to data gathered from the October 2014 REALTORS® Confidence Index Survey:...